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fix the ones that are wrong a. Equipment and land were acquired for cash. b. There were no disposais of equipment during the year c.

fix the ones that are wrong
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a. Equipment and land were acquired for cash. b. There were no disposais of equipment during the year c. The investments were sold for $106,080 cash. Additionalidata obtained from an examination of the accounts in the ledgtr for 20grg are as follows: . a. Equapment and land were acquired for cash. b. There were no disposals of equipment during the yeac, e. The investments were sold for $106,080 cash. d. The common stock was issued for cash. e. There was a $60,1820 credit to fletained Earnings for net income. 1. There was a $36,420 debit to Retained Earnings for cash dividents deciared. Required Prepare a statement of cash flows, using the indirect method of presenting cash flows from operating adivities. Use the munus son to indicate cash outfows, cash payments, decreates in cash, of aryy negative adjustments Adjustments to reconcile net income to net cash flow from operating activities: Depreciation Loss on sale of investments X Changes in current operating assets and liabilities: Increase in accounts receivable Increase in inventories r Increase in accounts payable . Net cash flow from operating activities Cash flows from (used for) investing activities: Cash received from sale of investments ? Cash paid for purchase of land Cash paid for purchase of equipment * Net cash flow used for investing activities Cash flows from (used for) financing activities: Cash received from sale of inventories X Cash paid for dividends Net cash flow from financing activities Net increase in cash Cash balance, January 1, 2099 Cash balance, December 31,209

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